But it is a benefit to the community. A lot of people are making money from it.
You know what? You see so much money wasted every day, I suppose what I have issue with is that people are complaining about this one thing when so much is wasted elsewhere.
My partner is a lifestyle journalist. The sheer amount of shit he gets sent is disgusting. He has at least 5 smartphones. We have an ipad, 2 laptops and 4 ipods. He goes to at least 3 parties a week with food people barely touch, drinks people put down after one sip. Awards ceremonies where people are paid hundreds to perform to people who can't even be bothered to stop talking for 2 minutes.
You can argue that this stuff generates money too: my partner writes nice things about the company, people buy their stuff. But the amount wasted/spent on the Olympics is nothing compared to the money wasted on this sort of thing every year.
At least the Olympics is something everyone can enjoy and is benefiting us in some way with better facilities and infrastructure and will help to boost the economy. It's not just arse-licking a load of up-their-own-arses media twats and business idiots.